IMF downgrades Ukraine's GDP growth forecast for 2019

It expects 3.2% GDP growth and 11% inflation in 2018.

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IMF chief Christine Lagarde

Photo: EPA/UPG

The International Monetary Fund (IMF) has retained its forecast for Ukraine's GDP growth in 2018 at 3.2%, but downgraded the forecast for 2019 from 4% to 3.3%, according to the World Economic Outlook published on 17 April.

The average annual inflation forecast for 2018 was downgraded from 7% to 11%. In 2019, Ukraine is expected to face 8% inflation.

The IMF also downgraded the current account deficit for 2018 from 3% of GDP to 3.7% of GDP, for 2019 from 3% of GDP to 3.5% of GDP.

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